ROBO - AIQ: AI Commercialization Will Propel This ETF Higher Despite Reaching ATH
2024-06-18 23:23:24 ET
Summary
- AI is evolving into the initial stages of commercialization, with a focus on return on investments rather than volume of investments.
- Global X Artificial Intelligence & Technology ETF (AIQ) has outperformed peers in performance and assets managed.
- AIQ is undervalued with strong momentum and macro tailwinds, making it a strong contender for investor capital.
Investment Thesis
Today, AI sits on the cusp of metamorphosing into its next stage of evolution in its development cycle. Until 2022, the direct implications and scale of how AI could be a part of an economy’s gross output were generally confined to whitepapers and theoretical analyses. However, the launch of ChatGPT demonstrated the readiness of AI for the world, laying the cornerstone for rapid spending on deploying infrastructure to scale AI applications....
AIQ: AI Commercialization Will Propel This ETF Higher, Despite Reaching ATH